Genesis Co., Ltd. made an offer to acquire 37.5% stake in Arte Salon Holdings,Inc. (TSE:2406) for ¥2.5 billion on February 7, 2022. As per the transaction, Genesis will acquire 3,716,219 shares at ¥685 per common share. The offer is expected to close on March 24, 2022.

Genesis Co., Ltd. completed the acquisition of 32.5% stake in Arte Salon Holdings,Inc. (TSE:2406) ¥2.2 billion on March 24, 2022. As on March 24, 2022, 3.2 million shares were tendered.